“Between 40 and 45 percent of the world’s wealth has been destroyed in little less than a year and a half,”

greedNEW YORK (Reuters) – Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world’s wealth has been destroyed by the global credit crisis.

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This crisis was caused by the rampant corruption and greed in this country. And keep in mind that it’s not over yet, not by a long shot.

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